TECH giant Cisco has today signed a Memorandum of Understanding with the South Australian Government and Adelaide City Council to establish an 'Internet of Things Innovation Hub'.
The MoU will push the State Government and City Council to create a space for entrepreneurs and start-ups to collaborate and develop new products and applications.
Cisco will provide support to the start-ups in the form of network infrastructure and expertise in testing and production.
In Bangalore, Cisco's President of their Smart+Connected Communities initiative and Deputy Chief Globalisation Officer, Dr Anil Menon, said Australia was at the core of Cisco's Asia-Pacific strategy.
"With Adelaide City Council and the South Australian Government coming on board, we will be able to demonstrate our global expertise in Internet of Things-enabled technology in a practical setting," Dr Menon said.
"Building an effective ecosystem in a city already recognised for its connectedness will enable other cities around Australia and the Asia Pacific to see the benefits firsthand.
"The establishment of an innovation hub in the heart of Adelaide will further demonstrate the potential of cities whether large or small and ensure Adelaide remains one of the world's most connected cities."
Lord Mayor Stephen Yarwood said that as Lord Mayor of the city he could see the long-term benefits of this partnership to the city and the state.
“Our recent collaboration with the State Government and local internet provider Internode that now brings free WiFi across the city is a great indication of what can be done through partnering with key information and technology groups,” Mr Yarwood said.